Which is correct:
This from NZ:
"Any transaction would be subject to due diligence and approvals of the Australian and New Zealand governments, and regulatory approvals, including that of the Australian Competition and Consumer Commission (ACCC)."
ACCC has already indicated that it would not allow such a deal to proceed because of the threat to competition in Australia.
or this from the SMH?
So desperate was the Transport Minister, Mr Anderson, to avoid certain political ruin on the eve of an election, he twisted the arm of the head of the consumer watchdog, Professor Allan Fels, and urged him to let the market leader, Qantas, into the frame and absolute market dominance.
Finally admitting the catastrophe that has befallen Ansett - and knowing it was only hours away from toppling into a liquidator's hands - Mr Anderson told the chairman of the Australian Competition and Consumer Commission to allow the unthinkable, and give the green light to negotiations between Qantas and Ansett's parent, Air New Zealand.
The ACCC cannot stop what has now started: the run to a virtual monopoly.
Either way, there's no doubt about it - both the NZ and Australian governments fcuked up - big time.